Duff & Phelps Investment Management Co. Has $35.07 Million Stake in Eversource Energy $ES

Duff & Phelps Investment Management Co. increased its stake in shares of Eversource Energy (NYSE:ES) by 62.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493,027 shares of the utilities provider’s stock after purchasing an additional 189,187 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.13% of Eversource Energy worth $35,074,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Neo Ivy Capital Management bought a new position in Eversource Energy in the 2nd quarter valued at $26,000. Root Financial Partners LLC acquired a new position in shares of Eversource Energy during the third quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Eversource Energy during the third quarter valued at $27,000. Elevation Point Wealth Partners LLC bought a new position in Eversource Energy in the second quarter valued at about $31,000. Finally, Anchor Investment Management LLC boosted its holdings in Eversource Energy by 122.0% in the second quarter. Anchor Investment Management LLC now owns 546 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 79.99% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John M. Moreira sold 7,800 shares of Eversource Energy stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.90, for a total transaction of $576,420.00. Following the transaction, the executive vice president directly owned 43,269 shares of the company’s stock, valued at $3,197,579.10. This trade represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Y. Kim sold 6,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $73.57, for a total transaction of $441,420.00. Following the completion of the transaction, the insider directly owned 12,339 shares of the company’s stock, valued at $907,780.23. This trade represents a 32.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,381 shares of company stock worth $1,211,079. Company insiders own 0.41% of the company’s stock.

Eversource Energy Price Performance

Shares of ES opened at $73.99 on Thursday. The stock has a market cap of $27.78 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 3.18 and a beta of 0.76. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $76.41. The stock’s 50-day moving average price is $70.91 and its two-hundred day moving average price is $69.53. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.66.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Eversource Energy had a return on equity of 11.18% and a net margin of 12.49%.Eversource Energy’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, equities analysts predict that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 5th will be paid a $0.7875 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This is a boost from Eversource Energy’s previous quarterly dividend of $0.75. This represents a $3.15 annualized dividend and a yield of 4.3%. Eversource Energy’s payout ratio is currently 68.93%.

Analyst Ratings Changes

Several brokerages have weighed in on ES. Jefferies Financial Group reissued an “underperform” rating on shares of Eversource Energy in a report on Monday, November 24th. BMO Capital Markets lifted their price target on shares of Eversource Energy from $75.00 to $79.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. Scotiabank dropped their price target on shares of Eversource Energy from $64.00 to $63.00 and set a “sector underperform” rating for the company in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a report on Wednesday, January 28th. Finally, Mizuho raised their price objective on shares of Eversource Energy from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.90.

Eversource Energy Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.